Admach Systems Limited Files DRHP for IPO with SEBI

Pune based Admach Systems Limited is planning for its Initial Public Offering (IPO) and has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Admach Systems is involved in designing, manufacturing, exporting, and supplying customised special purpose machines and automation systems for the Indian and global engineering industry. It mainly caters to the steel, automobile, food, tooling, and other engineering industries.

The promoters of the company are Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani and Sonal Mahesh Longani.

Admach Systems Limited IPO Details

According to the DRHP, 

• The IPO will be entirely a fresh issue of upto 0.18 crore equity shares.
• The equity shares are proposed to be listed on the BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• Aftertrade Broking Private Limited will be the book-running lead managers of the public issue.
• Maashitla Securities Private Limited will be the registrar for the Fractral Analytics IPO.

Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds from the issue for the following purposes:

• Funding of capital expenditure requirements of the Company towards purchase of new machinery and installation cost.
• Funding Working Capital Requirements of the Company.
• General corporate purposes.

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Admach Systems Limited - Business Overview

Admach Systems Limited, established in 2008 and based in Pune, is a leading manufacturer and exporter of custom-engineered special purpose machines (SPMs). The company specializes in designing and building automation systems, assembly machines, packaging machines, robotic material handling systems, and related solutions tailored for sectors like steel, automotive, food, tooling, and other engineering industries.

The company is led by Ajay Chamanlal Longani (Managing Director) and Mahesh Chamanlal Longani (Director), who are also the promoters of the company.  

Company Financials

As of FY25 Admach achieved an annualized revenue of ₹53.36 crore, up markedly from ₹19.68 crore in FY24 and ₹13.10 crore in FY23. EBITDA expanded to ₹10.31 crore (from ₹6.29 crore in FY24 and just ₹0.99 crore in FY23), while PAT reached ₹6.09 crore (versus ₹3.35 crore, ₹0.09 crore in earlier years).

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